Saudi Investment Bank Not Divesting from Medgulf: CEO

08/09/2014 Argaam

Saudi Investment Bank (SAIB) will not sell its stake in Medgulf, Musaad Al-Mineefy, the bank’s CEO said on Sunday.

 

“Medgulf is currently one of the largest, and best insurance companies operating in the Kingdom,” Al-Mineefy told Al-Riyadh Newspaper.

 

SAIB currently owns a 19 percent stake in Medgulf, according to data available on Argaam. 

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